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On November 30, 2023. Calla Resources Ltd. borrowed $50.000 from a bank by signing a four-year installment note bearing interest at 6%. The terms of
On November 30, 2023. Calla Resources Ltd. borrowed $50.000 from a bank by signing a four-year installment note bearing interest at 6\%. The terms of the note require equal payments each year on November 30. starting November 30, 2024. Use TABLE 14A.2 (Use appropriate foctor(s) from the tables provlded.) Required: 1. Calculate the size of each installment payment. (Do not round intermedlate calculations. Round the final answer to the nearest whole dollor.) 2. Complete an installment note amortization schedule for this note (Do not round intermedlate calculations. Round the final enswers to the nearest whole dollar. Enter all the amounts os positlve values.) TABLE 14A.2
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